South Korea Economic Indicators

Contents extracted from the comprehensive atlas of international trade by Export Entreprises

Economic forecasts - General economic indicators - Investments - Foreign Trade

Economic forecasts Indicators

Indicators	2006	2007
GDP (USD billion)	877.2	929.7
GDP (constant prices, annual % change)	5	4.3
GDP per capita (USD)	18015.2	18938.7
Inflation, consumer prices (annual % change)	2.5	2.7

Source : IMF - World Economic Outlook Databases

General economic indicators

Indicators	2003	2004	2005
GDP (USD billion) (1)	608.2	680	787.6
GDP (constant prices, annual % change) (1)	3.1	4.7	4
GDP per capita (USD) (1)	12710.2	14142	16307.7
Inflation, consumer prices (annual % change) (1)	3.6	3.6	2.7
Unemployment rate (%) (2)	3.4	3.5	..
External debt (USD billion) (3)	..	..	..
Official exchange rate per USD (period average) (3)	1199.7	1194.7	1047.4

Sources : (1) IMF - World Economic Outlook Databases,(2) ILO - Key Indicators of the Labour Market, (3) World Bank - World Development Indicators

GDP per activity sector	2003	2004	2005
Agriculture and fishing (%)	3.8	3.7	..
Industry and mining (%)	39	40.8	..
Services (%)	57.2	55.5	..

Sources : World Bank - World Development Indicators

Investments

Foreign Direct Investments	2003	2004	2005	World rank (*) 2005
FDI inflows (USD million)	3 892	7 727	7 198	114/141

Source : UNCTAD - World Investment Report
Note : (*) World Rank = UNCTAD Inward FDI Performance Index. It is a measure of the extend to which a host country receives inward FDI relative to its economic size. It is calculated as a ratio of the country's share in global FDI inflows to its share in global GDP.

Foreign Trade

General indicators

Indicators (USD billion)	2003	2004	2005
Imports of goods	178.8	224.5	261
Export of goods	193.8	253.8	284.7
Trade balance	14.5	29.6	..
Current account	11.9	27.6	..

Sources : World Bank - World Development Indicators

Indicators (%)	2003	2004	2005
Share of foreign trade in GDP	73.5	83.8	..
Share of imports of goods and services in GDP	35.6	39.7	..
Share of exports of goods and services in GDP	37.9	44.1	..
Imports of goods and services (annual % change)	10.1	13.8	..
Exports of goods and services (annual % change)	15.6	19.7	8.7

Sources : World Bank - World Development Indicators

Trade in goods/services by major category

2004	Imports	Exports
Total Trade in Goods (USD billion):	224.5	253.8
Agricultural raw materials	2.2	0.8
Food products	5	1.2
Hydrocarbons	22.3	4.1
Manufactured products (chemicals, machines,...)	63.4	92.2
Ores and metals	6.9	1.7

2004	Imports	Exports
Total Trade in Services (USD billion):	49.6	40
Transport	36.1	56
Tourisme	24.1	14.3

Sources : World Bank - World Development Indicators

Trade Data, by HS Code :
Import Statistics	Export Statistics
Source : www.intracen.org, last available data

Trade by partner countries

Main clients (% of exports)
China	21.8%
USA	14.6%
Japan	5.5%
Hong Kong	3.8%

Main suppliers (% of imports)
Japan	18.5%
China	14.8%
USA	11.8%
Saudi Arabia	6.2%
United Arab Emirates	3.8%

Sources : Comtrade, 2005.

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